User Account

All Pages

What amount carla vista report for deferred income tax

Assignment Help Accounting Basics
Reference no: EM132722398

Question - Carla Vista Corporation reported $195000 in revenues in its 2021 financial statements, of which $61000 will not be included in the tax return until 2022. The enacted tax rate is 30% for 2021 and 25% for 2022. What amount should Carla Vista report for deferred income tax liability in its balance sheet at December 31, 2021?

a. $58500

b. $15250

c. $48750

d. $18300

Reference no: EM132722398

Questions Cloud

Total book value of debt-jiminy cricket farm : Jiminy's Cricket Farm issued a 30-year, 6.3 percent semiannual bond eight years ago. The bond currently sells for 110 percent of its face value.
Why do organizations create and use employment needs : Why do organizations create and use employment needs forecasts? What can be done to improve the accuracy of employment forecasts?
What amount the income tax expense : Assuming that income taxes payable for 2022 is $220000, what amount the income tax expense for 2022
Explain in terms of behavioral observation scales : Explain in terms of Behavioral observation scales. Why do we care about evaluating work performance? Why not just give everybody the same bonus every year?
What amount carla vista report for deferred income tax : The enacted tax rate is 30% for 2021 and 25% for 2022. What amount should Carla Vista report for deferred income tax liability
Is ingrid considered an exempt or non-exempt employee : Is Ingrid considered an exempt or non-exempt employee? Ingrid works as a bookkeeper for an electrical contractor. She pays bills as they become due
What is the test employed to determine whether kty may hire : What is the test employed to determine whether KTY may hire (temporarily or permanently) a replacement for John Tomo's position.
Compute the net present value for this investment : The required rate of return is 12%. Compute the net present value for this investment. Would you recommend MXM to build the plant
Does art have a cause of action against milly : Does Art have a cause of action against Milly under the OSHA standards? Please explain why including the legal standard if any that is required

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the depreciation expense under the straight-line

Compute the depreciation expense under the straight-line method for 2012 and 2013, assuming a December 31 year-end.

  Provide directions for your examples

What step would you add? Provide 2 examples for your classmates to attempt. Provide directions for your examples.

  Show aardvark balance sheet presentation for accounts

Show Aardvark's balance sheet presentation for accounts and notes receivable at December 31, 2005

  How would that revenue be measured

Change of mind gives gallery a $1m surprise' and determine whether the gallery should treat the donation as revenue. Further, if the donation is treated as revenue, how would that revenue be measured?

  What the amount of depreciation for the third year would be

Using the sum-of-the-years-digit method, the amount of depreciation for the third year would be? Estimated salvage value $ 12,000

  Prepare a selling expense budget

Preparing a budget and analyzing the results of operations in relation to the budget will help you understand how to use financial information.

  Compute the cost of davison company''s inventory

On December 31, 2009, Davison Company adopted the dollar value LIFO retail inventory method.

  Discuss roberts company had an average

Roberts company had an average of 10,000 shares outstanding during 2016, the net income was 117,000

  What is the amount of depreciation and interest expense

Assuming that Sands, Inc. uses straight-line depreciation, what is the amount of depreciation and interest expense that Sands should record for the year ended

  Determining the dividends per share for preferred stock

Determining the dividends per share for preferred and common stock for each year. Rounding all answers to two decimal places

  Determine the dollar amount of dividends

Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: Preferred Stock and Common Stock

  Determine the dollar amount of baker company fixed costs

The volume is currently Baker's breaking even point. Use this information to determine the dollar amount of Baker Company's fixed costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd